[Warning: Some of the parameters have no value (clamb, X1aux, crk, cpi, cw, KcLc, KiLi, Lc, Li, css, iss, Kc, Ki, K, Kibar, Kcbar,
yss, iiss, icss, z1css, z1iss, z2css, z2iss, rbcss, rbiss, rss, lrcss, lriss, nucss, nuiss, qcss, qiss, sncss, sniss, scss, siss)
when using stoch_simul. If these parameters are not initialized in a steadystate file, Dynare may not be able to solve the model...] 
[> In <a href="matlab: opentoline('c:\dynare\4.3.1\matlab\test_for_deep_parameters_calibration.m',46,1)">test_for_deep_parameters_calibration at 46</a>
  In <a href="matlab: opentoline('c:\dynare\4.3.1\matlab\stoch_simul.m',22,1)">stoch_simul at 22</a>
  In <a href="matlab: opentoline('C:\ChristophC\2SectorBanks\Codes\Codes TFP model version\Spectral Decomp\Spectral Decomp with Confidence Intervals\SGU type model\unconditional decomp\twosb_v10b_mobileKNoFItfpNoMe.m',1355,1)">twosb_v10b_mobileKNoFItfpNoMe at 1355</a>
  In <a href="matlab: opentoline('c:\dynare\4.3.1\matlab\dynare.m',120,1)">dynare at 120</a>] 
 
MODEL SUMMARY
 
  Number of variables:         162
  Number of stochastic shocks: 42
  Number of state variables:   134
  Number of jumpers:           18
  Number of static variables:  20


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS

Variables       ez         ev         eb         em       epinfc     epinfi       ew        enc        eni         eg        epkc       epki       eqs        evl        ezl        espi      epkc1      epkc2      epkc3      epkc4      epkc8      epki1      epki2      epki3      epki4      epki8       ez1        ez4        ez8        ev1        ev4        ev8        etfp      etfp4      etfp8       ezl4       ezl8       evl4       evl8     emetfpc    emetfpi    ethetab  
ez            1.050298   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ev            0.000000   3.656042   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
eb            0.000000   0.000000   0.983657   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
em            0.000000   0.000000   0.000000   0.018883   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epinfc        0.000000   0.000000   0.000000   0.000000   0.002126   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epinfi        0.000000   0.000000   0.000000   0.000000   0.000000   0.002125   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ew            0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.002096   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
enc           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
eni           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
eg            0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.850135   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epkc          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   5.889045   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epki          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000  22.806842   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
eqs           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
evl           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.114041   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ezl           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.149966   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
espi          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epkc1         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epkc2         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epkc3         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epkc4         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epkc8         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epki1         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epki2         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epki3         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epki4         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
epki8         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ez1           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ez4           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.014796   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ez8           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.052282   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ev1           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ev4           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.025291   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ev8           0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   2.799374   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
etfp          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
etfp4         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
etfp8         0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ezl4          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ezl8          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
evl4          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
evl8          0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
emetfpc       0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
emetfpi       0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
ethetab       0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000   0.000000
 
POLICY AND TRANSITION FUNCTIONS
                        dy               dc               dinve            labobs           dw               robs             pinfobsc         pinfobsi         dtfp             
kpi(-1)                     0.207867       -0.118248        1.025196        0.136840        0.033909       -0.074966       -0.370520       -0.370520               0
kpc(-1)                    -0.158463        0.183930       -1.016591       -0.496635        0.329467       -0.007467       -0.018292       -0.018292               0
pi(-1)                      0.002683       -0.000194       -0.000205       -0.000243        0.000053       -0.000131       -0.000887       -0.990789               0
inve(-1)                           0               0       -1.000000               0               0               0               0               0               0
y(-1)                      -0.999673        0.000306        0.000382        0.000397        0.000926       -0.000875        0.099786        0.099786               0
r(-1)                      -0.011986       -0.011195       -0.013969       -0.014530       -0.033903        0.032023       -3.653633       -3.653633               0
b(-1)                      -0.006675       -0.006631       -0.006785       -0.008271        0.005583        0.079096        0.368836        0.368836               0
g(-1)                       0.986444       -0.000232       -0.000289       -0.000301       -0.000703        0.007116       -0.069363       -0.069363               0
sw(-1)                     -0.005642       -0.005567       -0.005832       -0.006975        0.002345        0.007460        0.035308        0.035308               0
z_l(-1)                     0.366490        0.405994       -0.719038       -0.914666        1.282649       -0.068778       -0.358195        0.628326       -0.002570
v_l(-1)                    -0.020340       -0.063935        1.053983       -0.080209        0.019029       -0.018497       -0.083978       -1.049039       -0.005964
spinfc(-1)                 -0.002672       -0.000613       -0.001054       -0.000861       -0.006838        0.001344        0.006534       -0.000244               0
spinfi(-1)                  0.001761       -0.000172       -0.000182       -0.000216        0.000047       -0.000203       -0.001127        0.005660               0
epkc1aux(-1)               -0.150265        0.191994       -1.008056       -0.486512        0.327551       -0.001931        0.006625        0.006625               0
epkc2aux(-1)                0.035388        0.034810        0.036839        0.043697       -0.008269        0.023898        0.107556        0.107556               0
epkc3aux(-1)                0.031279        0.030802        0.032476        0.038639       -0.009398        0.028602        0.129876        0.129876               0
epkc4aux(-1)                0.026819        0.026407        0.027852        0.033128       -0.007892        0.030766        0.140409        0.140409               0
epkc8aux(-1)               -0.012370       -0.012170       -0.012874       -0.015276        0.002986       -0.032109       -0.148165       -0.148165               0
epki1aux(-1)                0.271368       -0.055758        1.091231        0.215263        0.017378       -0.001969       -0.037358       -0.037358               0
epki2aux(-1)                0.082515        0.081201        0.085807        0.101905       -0.021481        0.094855        0.432920        0.432920               0
epki3aux(-1)                0.070687        0.069588        0.073443        0.087310       -0.020007        0.100846        0.462036        0.462036               0
epki4aux(-1)                0.059330        0.058397        0.061668        0.073278       -0.016175        0.103193        0.474141        0.474141               0
epki8aux(-1)                0.026365        0.025918        0.027486        0.032548       -0.005176        0.100086        0.463100        0.463100               0
ez1aux(-1)                  0.426734        0.435087       -0.594199       -0.708332        1.197077        0.031725        0.207220        0.207220        0.760000
ez4aux(-1)                 -0.220030       -0.216980       -0.227673       -0.271942        0.085273        0.261456        1.239784        1.239784               0
ez8aux(-1)                 -0.066444       -0.065620       -0.068510       -0.082165        0.031728        0.238665        1.117747        1.117747               0
ev1aux(-1)                 -0.010579       -0.028302        1.033838        0.058654        0.026146        0.001990        0.054888        0.054888        0.240000
ev4aux(-1)                 -0.149105       -0.146941       -0.154530       -0.184239        0.051750        0.031204        0.160725        0.160725               0
ev8aux(-1)                 -0.061089       -0.060201       -0.063315       -0.075483        0.021132        0.009623        0.051136        0.051136               0
tfp(-1)                            0               0               0               0               0               0               0               0       -1.000000
etfp4aux(-1)                0.033354        0.032858        0.034597        0.041208       -0.010845        0.020227        0.090681        0.090681               0
etfp8aux(-1)                0.004799        0.004725        0.004985        0.005928       -0.001388        0.007794        0.035776        0.035776               0
ezl4aux(-1)                 0.094302        0.092822        0.098011        0.116472       -0.025878        0.173120        0.795973        0.795974               0
ezl8aux(-1)                 0.026796        0.026318        0.027996        0.033070       -0.003762        0.143555        0.665380        0.665380               0
evl4aux(-1)                -0.005773       -0.005701       -0.005953       -0.007138        0.002735        0.031504        0.147233        0.147232               0
evl8aux(-1)                -0.014366       -0.014160       -0.014883       -0.017752        0.005123        0.008138        0.039370        0.039370               0
ez4aux(-2)                 -0.300096       -0.295887       -0.310645       -0.370875        0.113235        0.262000        1.250632        1.250632               0
ez4aux(-3)                 -0.411742       -0.406055       -0.425997       -0.508894        0.160757        0.248726        1.200446        1.200446               0
ez4aux(-4)                  0.426734        0.435087       -0.594199       -0.708332        1.197077        0.031725        0.207220        0.207220        0.760000
ez8aux(-2)                 -0.089186       -0.088035       -0.092072       -0.110267        0.039780        0.245629        1.152524        1.152524               0
ez8aux(-3)                 -0.120040       -0.118443       -0.124044       -0.148392        0.050599        0.252117        1.185928        1.185928               0
ez8aux(-4)                 -0.162158       -0.159950       -0.167693       -0.200434        0.065252        0.257651        1.216061        1.216061               0
ez8aux(-5)                 -0.220030       -0.216980       -0.227673       -0.271942        0.085273        0.261456        1.239784        1.239784               0
ez8aux(-6)                 -0.300096       -0.295887       -0.310645       -0.370875        0.113235        0.262000        1.250632        1.250632               0
ez8aux(-7)                 -0.411742       -0.406055       -0.425997       -0.508894        0.160757        0.248726        1.200446        1.200446               0
ez8aux(-8)                  0.426734        0.435087       -0.594199       -0.708332        1.197077        0.031725        0.207220        0.207220        0.760000
ezl4aux(-2)                 0.132269        0.130196        0.137364        0.163344       -0.038217        0.185389        0.849136        0.849234               0
ezl4aux(-3)                 0.189912        0.183990        0.194883        0.231005       -0.040845        0.196317        0.894008        0.903880               0
ezl4aux(-4)                 0.367734        0.407372       -0.721478       -0.917770        1.287002       -0.069011       -0.359410        0.630458        0.760000
ezl8aux(-2)                 0.036154        0.035536        0.037705        0.044631       -0.006764        0.149236        0.690848        0.690848               0
ezl8aux(-3)                 0.049286        0.048472        0.051326        0.060855       -0.011035        0.155756        0.719829        0.719829               0
ezl8aux(-4)                 0.067854        0.066765        0.070584        0.083795       -0.017135        0.163513        0.754007        0.754007               0
ezl8aux(-5)                 0.094302        0.092822        0.098011        0.116472       -0.025878        0.173120        0.795973        0.795974               0
ezl8aux(-6)                 0.132269        0.130196        0.137364        0.163344       -0.038217        0.185389        0.849136        0.849234               0
ezl8aux(-7)                 0.189912        0.183990        0.194883        0.231005       -0.040845        0.196317        0.894008        0.903880               0
ezl8aux(-8)                 0.367734        0.407372       -0.721478       -0.917770        1.287002       -0.069011       -0.359410        0.630458        0.760000
ev4aux(-2)                 -0.182994       -0.180342       -0.189641       -0.226115        0.063770        0.042747        0.217974        0.217974               0
ev4aux(-3)                 -0.222010       -0.218810       -0.230031       -0.274333        0.078444        0.055953        0.283493        0.283493               0
ev4aux(-4)                 -0.010579       -0.028302        1.033838        0.058654        0.026146        0.001990        0.054888        0.054888        0.240000
ev8aux(-2)                 -0.076965       -0.075846       -0.079768       -0.095100        0.026635        0.012721        0.067206        0.067206               0
ev8aux(-3)                 -0.096532       -0.095130       -0.100047       -0.119278        0.033428        0.016990        0.089109        0.089109               0
ev8aux(-4)                 -0.120398       -0.118649       -0.124780       -0.148767        0.041730        0.022917        0.119174        0.119174               0
ev8aux(-5)                 -0.149105       -0.146941       -0.154530       -0.184239        0.051750        0.031204        0.160725        0.160725               0
ev8aux(-6)                 -0.182994       -0.180342       -0.189641       -0.226115        0.063770        0.042747        0.217974        0.217974               0
ev8aux(-7)                 -0.222010       -0.218810       -0.230031       -0.274333        0.078444        0.055953        0.283493        0.283493               0
ev8aux(-8)                 -0.010579       -0.028302        1.033838        0.058654        0.026146        0.001990        0.054888        0.054888        0.240000
evl4aux(-2)                 0.008798        0.008678        0.009197        0.010896       -0.001833        0.045569        0.211183        0.211085               0
evl4aux(-3)                 0.033333        0.035535        0.037683        0.044625       -0.007128        0.064527        0.296871        0.287001               0
evl4aux(-4)                -0.020858       -0.065564        1.080842       -0.082253        0.019514       -0.018968       -0.086118       -1.075773        0.240000
evl8aux(-2)                -0.015485       -0.015264       -0.016041       -0.019136        0.005577        0.011145        0.053481        0.053481               0
evl8aux(-3)                -0.015349       -0.015131       -0.015895       -0.018967        0.005633        0.015535        0.073899        0.073899               0
evl8aux(-4)                -0.012766       -0.012588       -0.013212       -0.015778        0.004901        0.021983        0.103644        0.103644               0
evl8aux(-5)                -0.005773       -0.005701       -0.005953       -0.007138        0.002735        0.031504        0.147233        0.147232               0
evl8aux(-6)                 0.008798        0.008678        0.009197        0.010896       -0.001833        0.045569        0.211183        0.211085               0
evl8aux(-7)                 0.033333        0.035535        0.037683        0.044625       -0.007128        0.064527        0.296871        0.287001               0
evl8aux(-8)                -0.020858       -0.065564        1.080842       -0.082253        0.019514       -0.018968       -0.086118       -1.075773        0.240000
epkc2aux(-2)               -0.150265        0.191994       -1.008056       -0.486512        0.327551       -0.001931        0.006625        0.006625               0
epkc3aux(-2)                0.035388        0.034810        0.036839        0.043697       -0.008269        0.023898        0.107556        0.107556               0
epkc3aux(-3)               -0.150265        0.191994       -1.008056       -0.486512        0.327551       -0.001931        0.006625        0.006625               0
epkc4aux(-2)                0.031279        0.030802        0.032476        0.038639       -0.009398        0.028602        0.129876        0.129876               0
epkc4aux(-3)                0.035388        0.034810        0.036839        0.043697       -0.008269        0.023898        0.107556        0.107556               0
epkc4aux(-4)               -0.150265        0.191994       -1.008056       -0.486512        0.327551       -0.001931        0.006625        0.006625               0
epkc8aux(-2)               -0.015239       -0.014996       -0.015848       -0.018820        0.003945       -0.032392       -0.149182       -0.149182               0
epkc8aux(-3)               -0.018625       -0.018332       -0.019358       -0.023003        0.005087       -0.032373       -0.148744       -0.148744               0
epkc8aux(-4)               -0.022517       -0.022167       -0.023393       -0.027812        0.006412       -0.031905       -0.146158       -0.146158               0
epkc8aux(-5)               -0.026819       -0.026407       -0.027852       -0.033128        0.007892       -0.030766       -0.140409       -0.140409               0
epkc8aux(-6)               -0.031279       -0.030802       -0.032476       -0.038639        0.009398       -0.028602       -0.129876       -0.129876               0
epkc8aux(-7)               -0.035388       -0.034810       -0.036839       -0.043697        0.008269       -0.023898       -0.107556       -0.107556               0
epkc8aux(-8)                0.150265       -0.191994        1.008056        0.486512       -0.327551        0.001931       -0.006625       -0.006625               0
epki2aux(-2)                0.271368       -0.055758        1.091231        0.215263        0.017378       -0.001969       -0.037358       -0.037358               0
epki3aux(-2)                0.082515        0.081201        0.085807        0.101905       -0.021481        0.094855        0.432920        0.432920               0
epki3aux(-3)                0.271368       -0.055758        1.091231        0.215263        0.017378       -0.001969       -0.037358       -0.037358               0
epki4aux(-2)                0.070687        0.069588        0.073443        0.087310       -0.020007        0.100846        0.462036        0.462036               0
epki4aux(-3)                0.082515        0.081201        0.085807        0.101905       -0.021481        0.094855        0.432920        0.432920               0
epki4aux(-4)                0.271368       -0.055758        1.091231        0.215263        0.017378       -0.001969       -0.037358       -0.037358               0
epki8aux(-2)                0.032632        0.032092        0.033986        0.040291       -0.007229        0.101910        0.470942        0.470942               0
epki8aux(-3)                0.040171        0.039520        0.041804        0.049606       -0.009727        0.103232        0.476311        0.476311               0
epki8aux(-4)                0.049077        0.048295        0.051039        0.060610       -0.012708        0.103789        0.477978        0.477978               0
epki8aux(-5)                0.059330        0.058397        0.061668        0.073278       -0.016175        0.103193        0.474141        0.474141               0
epki8aux(-6)                0.070687        0.069588        0.073443        0.087310       -0.020007        0.100846        0.462036        0.462036               0
epki8aux(-7)                0.082515        0.081201        0.085807        0.101905       -0.021481        0.094855        0.432920        0.432920               0
epki8aux(-8)                0.271368       -0.055758        1.091231        0.215263        0.017378       -0.001969       -0.037358       -0.037358               0
etfp4aux(-2)                0.052712        0.051925        0.054686        0.065123       -0.016928        0.027703        0.123464        0.123464               0
etfp4aux(-3)                0.082845        0.081307        0.086698        0.102213       -0.008096        0.031645        0.138680        0.138680               0
etfp4aux(-4)                0.125102        0.123788        0.128394       -1.273763        1.354173       -0.346555       -1.626006       -1.626006        1.000000
etfp8aux(-2)                0.007972        0.007851        0.008276        0.009848       -0.002434        0.009375        0.042808        0.042808               0
etfp8aux(-3)                0.013006        0.012811        0.013496        0.016068       -0.004099        0.011691        0.053064        0.053064               0
etfp8aux(-4)                0.020936        0.020623        0.021719        0.025865       -0.006729        0.015119        0.068194        0.068194               0
etfp8aux(-5)                0.033354        0.032858        0.034597        0.041208       -0.010845        0.020227        0.090681        0.090681               0
etfp8aux(-6)                0.052712        0.051925        0.054686        0.065123       -0.016928        0.027703        0.123464        0.123464               0
etfp8aux(-7)                0.082845        0.081307        0.086698        0.102213       -0.008096        0.031645        0.138680        0.138680               0
etfp8aux(-8)                0.125102        0.123788        0.128394       -1.273763        1.354173       -0.346555       -1.626006       -1.626006        1.000000
c(-1)                       0.633995       -0.375346        0.657407        0.783322       -0.211525        0.041040        0.125152        0.125152               0
invei(-1)                   0.034640        0.034095        0.036007        0.042783       -0.009408        0.034046        0.154867        0.154867               0
invec(-1)                   0.034734        0.034187        0.036104        0.042899       -0.009433        0.034139        0.155286        0.155286               0
pinfc(-1)                  -0.000058       -0.000027       -0.000035       -0.000036       -0.000089        0.000085        0.000400        0.000300               0
pinfi(-1)                   0.000027       -0.000002       -0.000002       -0.000002               0       -0.000001       -0.000009        0.000091               0
w(-1)                      -0.002335       -0.002310       -0.002397       -0.002889       -0.998631        0.006340        0.029753        0.029753               0
z(-1)                       0.114125        0.116360       -0.158968       -0.189503        0.320224        0.008550        0.055728        0.055728        0.203295
v(-1)                      -0.000284       -0.000742        0.026718        0.001504        0.000682        0.000079        0.001547        0.001547        0.006205
spkc(-1)                   -0.034811        0.044478       -0.233531       -0.112707        0.075882       -0.000447        0.001535        0.001535               0
spki(-1)                    0.208836       -0.042910        0.839778        0.165660        0.013373       -0.001515       -0.028750       -0.028750               0
ez                          0.426734        0.435087       -0.594199       -0.708332        1.197077        0.031725        0.207220        0.207220        0.760000
ev                         -0.010579       -0.028302        1.033838        0.058654        0.026146        0.001990        0.054888        0.054888        0.240000
eb                         -0.006948       -0.006902       -0.007062       -0.008610        0.005812        0.082333        0.383932        0.383932               0
em                         -0.014666       -0.013698       -0.017093       -0.017779       -0.041483        0.039183       -4.470510       -4.470510               0
epinfc                     -0.004008       -0.000920       -0.001582       -0.001292       -0.010257        0.002016        0.009801       -0.000366               0
epinfi                      0.002637       -0.000258       -0.000273       -0.000324        0.000071       -0.000304       -0.001688        0.008478               0
ew                         -0.008410       -0.008297       -0.008692       -0.010395        0.003495        0.011119        0.052624        0.052624               0
eg                          0.999749       -0.000235       -0.000293       -0.000305       -0.000712        0.007212       -0.070299       -0.070299               0
epkc                       -0.150265        0.191994       -1.008056       -0.486512        0.327551       -0.001931        0.006625        0.006625               0
epki                        0.271368       -0.055758        1.091231        0.215263        0.017378       -0.001969       -0.037358       -0.037358               0
eqs                         0.020297        0.019976        0.021100        0.025068       -0.005445        0.019498        0.088643        0.088643               0
evl                        -0.020858       -0.065564        1.080842       -0.082253        0.019514       -0.018968       -0.086118       -1.075773        0.240000
ezl                         0.367734        0.407372       -0.721478       -0.917770        1.287002       -0.069011       -0.359410        0.630458        0.760000
espi                       -0.000008       -0.000008       -0.000009       -0.000010       -0.000023        0.000021        0.000101        0.000101               0
epkc1                       0.035388        0.034810        0.036839        0.043697       -0.008269        0.023898        0.107556        0.107556               0
epkc2                       0.031279        0.030802        0.032476        0.038639       -0.009398        0.028602        0.129876        0.129876               0
epkc3                       0.026819        0.026407        0.027852        0.033128       -0.007892        0.030766        0.140409        0.140409               0
epkc4                       0.022517        0.022167        0.023393        0.027812       -0.006412        0.031905        0.146158        0.146158               0
epkc8                      -0.009985       -0.009819       -0.010399       -0.012328        0.002197       -0.031627       -0.146167       -0.146167               0
epki1                       0.082515        0.081201        0.085807        0.101905       -0.021481        0.094855        0.432920        0.432920               0
epki2                       0.070687        0.069588        0.073443        0.087310       -0.020007        0.100846        0.462036        0.462036               0
epki3                       0.059330        0.058397        0.061668        0.073278       -0.016175        0.103193        0.474141        0.474141               0
epki4                       0.049077        0.048295        0.051039        0.060610       -0.012708        0.103789        0.477978        0.477978               0
epki8                       0.021225        0.020854        0.022154        0.026198       -0.003515        0.097937        0.453635        0.453635               0
ez1                        -0.411742       -0.406055       -0.425997       -0.508894        0.160757        0.248726        1.200446        1.200446               0
ez4                        -0.162158       -0.159950       -0.167693       -0.200434        0.065252        0.257651        1.216061        1.216061               0
ez8                        -0.049586       -0.049004       -0.051046       -0.061333        0.025688        0.231520        1.082739        1.082739               0
ev1                        -0.222010       -0.218810       -0.230031       -0.274333        0.078444        0.055953        0.283493        0.283493               0
ev4                        -0.120398       -0.118649       -0.124780       -0.148767        0.041730        0.022917        0.119174        0.119174               0
ev8                        -0.048312       -0.047610       -0.050072       -0.059696        0.016709        0.007357        0.039263        0.039263               0
etfp                        0.125102        0.123788        0.128394       -1.273763        1.354173       -0.346555       -1.626006       -1.626006        1.000000
etfp4                       0.020936        0.020623        0.021719        0.025865       -0.006729        0.015119        0.068194        0.068194               0
etfp8                       0.002818        0.002773        0.002930        0.003480       -0.000738        0.006697        0.030879        0.030879               0
ezl4                        0.067854        0.066765        0.070584        0.083795       -0.017135        0.163513        0.754007        0.754007               0
ezl8                        0.020076        0.019698        0.021023        0.024767       -0.001646        0.138455        0.642339        0.642339               0
evl4                       -0.012766       -0.012588       -0.013212       -0.015778        0.004901        0.021983        0.103644        0.103644               0
evl8                       -0.012692       -0.012509       -0.013150       -0.015684        0.004501        0.006064        0.029542        0.029542               0
emetfpc                            0               0               0               0               0               0               0               0        1.000000


THEORETICAL MOMENTS

VARIABLE      MEAN    STD. DEV.   VARIANCE 
dy             0.0000     2.1998     4.8390
dc             0.0000     1.5960     2.5473
dinve          0.0000     8.6387    74.6269
labobs         0.0000    13.3454   178.0988
dw             0.0000     1.8684     3.4908
robs           0.0000     2.1283     4.5297
pinfobsc       0.0000     2.4147     5.8309
pinfobsi       0.0000     2.4525     6.0149
dtfp           0.0000     1.0780     1.1621
 


VARIANCE DECOMPOSITION (in percent)

              ez       ev       eb       em     epinfc   epinfi     ew      enc      eni       eg      epkc     epki     eqs      evl      ezl      espi    epkc1    epkc2    epkc3    epkc4    epkc8    epki1    epki2    epki3    epki4    epki8     ez1      ez4      ez8      ev1      ev4      ev8      etfp    etfp4    etfp8     ezl4     ezl8     evl4     evl8   emetfpc  emetfpi  ethetab 
dy             5.95     6.53     0.01     0.00     0.00     0.00     0.00     0.00     0.00    17.68     5.45    56.28     0.00     0.11     0.52     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.28     0.94     0.00     0.07     6.19     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
dc            21.37     3.02     0.15     0.00     0.00     0.00     0.00     0.00     0.00     0.00    32.69    15.56     0.00     0.21     2.55     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.61     2.18     0.00     0.17    21.49     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
dinve          1.24    13.09     0.05     0.00     0.00     0.00     0.00     0.00     0.00     0.00    18.28    61.79     0.00     0.38     0.25     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.01     0.00     0.04     4.89     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
labobs         4.84    13.71     0.88     0.00     0.00     0.00     0.00     0.00     0.00     0.00    46.05    26.10     0.00     0.37     1.11     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.05     0.10     0.00     0.03     6.76     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
dw            46.96     1.84     0.07     0.00     0.00     0.00     0.00     0.00     0.00     0.00    26.77    12.89     0.00     0.16     7.23     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.47     1.60     0.00     0.01     1.98     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
robs           3.30    14.12     4.64     0.00     0.00     0.00     0.00     0.00     0.00     0.03    43.10    23.59     0.00     0.55     1.16     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.08     0.53     0.00     0.03     8.87     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
pinfobsc       4.52     9.99     4.67     6.48     0.00     0.00     0.00     0.00     0.00     0.10    33.18    30.86     0.00     0.52     1.02     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.61     2.00     0.00     0.03     6.03     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
pinfobsi       4.38     9.69     4.53     6.28     0.00     0.00     0.00     0.00     0.00     0.09    32.16    29.91     0.00     2.82     1.73     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.59     1.94     0.00     0.03     5.85     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
dtfp          56.23    18.13     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.57     7.47     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.79     2.80     0.00     0.13    13.88     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00     0.00
 


MATRIX OF CORRELATIONS

Variables      dy        dc       dinve    labobs      dw       robs    pinfobsc  pinfobsi    dtfp   
dy             1.0000   -0.0720    0.7347   -0.0616    0.0657   -0.1695   -0.0781   -0.0663    0.1999
dc            -0.0720    1.0000   -0.5526   -0.2274    0.7508   -0.0211   -0.3288   -0.3062    0.3559
dinve          0.7347   -0.5526    1.0000    0.0651   -0.3804   -0.1347    0.1123    0.0996    0.0734
labobs        -0.0616   -0.2274    0.0651    1.0000   -0.1797    0.9433    0.8547    0.8381   -0.0599
dw             0.0657    0.7508   -0.3804   -0.1797    1.0000    0.0172   -0.2065   -0.1620    0.6290
robs          -0.1695   -0.0211   -0.1347    0.9433    0.0172    1.0000    0.8106    0.7977    0.0174
pinfobsc      -0.0781   -0.3288    0.1123    0.8547   -0.2065    0.8106    1.0000    0.9781    0.0419
pinfobsi      -0.0663   -0.3062    0.0996    0.8381   -0.1620    0.7977    0.9781    1.0000    0.0736
dtfp           0.1999    0.3559    0.0734   -0.0599    0.6290    0.0174    0.0419    0.0736    1.0000
 


COEFFICIENTS OF AUTOCORRELATION

Order         1       2       3       4       5   
dy          0.4775  0.2344  0.0708 -0.0318 -0.0893
dc          0.7889  0.6082  0.4556  0.3274  0.2215
dinve       0.6673  0.4083  0.2163  0.0799 -0.0125
labobs      0.9825  0.9429  0.8888  0.8262  0.7599
dw          0.4159  0.2564  0.1774  0.1210  0.0742
robs        0.9869  0.9565  0.9139  0.8633  0.8087
pinfobsc    0.7860  0.7032  0.6221  0.5432  0.4772
pinfobsi    0.7589  0.6763  0.5971  0.5207  0.4570
dtfp        0.1681  0.0428  0.0113  0.0029  0.0006
Total computing time : 0h00m05s
